Markets

KEY POINTS The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in …

KEY POINTS A planned initial public offering (IPO) of Aliko Dangote’s $20 billion Dangote Petroleum Refinery could dramatically expand the size of Nigeria’s capital market, potentially pushing total stock market …

KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …

KEY POINTS Chevron has dispatched a larger fleet of tankers to transport Venezuelan crude, sending 15 vessels carrying around 200,000 barrels per day, the most since March, under a U.S. …

KEY POINTS Seplat Energy Plc hit an all-time high on the Nigerian Exchange (NGX) after gaining more than 15% in January 2026. This happened after one of its founding investors …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has asked private investors to put between $30 billion and $50 billion into Nigeria’s midstream petroleum sector. They say …

KEY POINTS Chevron Nigeria Limited says it is refocusing its investment portfolio in Nigeria to significantly boost crude oil production, leveraging ongoing government reforms and the Petroleum Industry Act (PIA). …

KEY POINTS Shell Plc has promised to put about $20 billion into Nigeria’s energy sector over the next few years. This shows that investors are once again confident in the …

KEY POINTS Aliko Dangote, Africa’s richest man, is seeing his huge refinery in Lagos become more important around the world as refineries close in Europe and North America. According to …

KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has asked the Federal Government and the Nigerian National Petroleum Company Limited to make a clear and realistic …